3,928 Shares in MongoDB, Inc. $MDB Acquired by Murphy Middleton Hinkle & Parker Inc.

Murphy Middleton Hinkle & Parker Inc. bought a new stake in MongoDB, Inc. (NASDAQ:MDB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,928 shares of the company’s stock, valued at approximately $1,649,000.

Several other large investors also recently added to or reduced their stakes in MDB. Park Place Capital Corp increased its stake in shares of MongoDB by 1,857.1% during the 4th quarter. Park Place Capital Corp now owns 137 shares of the company’s stock worth $57,000 after purchasing an additional 130 shares during the last quarter. True Wealth Design LLC raised its holdings in shares of MongoDB by 9.4% during the 4th quarter. True Wealth Design LLC now owns 419 shares of the company’s stock valued at $176,000 after purchasing an additional 36 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of MongoDB by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 27,315 shares of the company’s stock valued at $11,923,000 after purchasing an additional 1,068 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its stake in shares of MongoDB by 37.8% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,112 shares of the company’s stock valued at $468,000 after purchasing an additional 305 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in MongoDB by 81.8% in the fourth quarter. Grove Bank & Trust now owns 100 shares of the company’s stock worth $42,000 after purchasing an additional 45 shares in the last quarter. 89.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Dwight A. Merriman sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $407.70, for a total transaction of $4,077,000.00. Following the completion of the transaction, the director directly owned 1,031,316 shares in the company, valued at $420,467,533.20. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 19,383 shares of company stock valued at $7,910,983. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MDB shares. Needham & Company LLC lowered their target price on shares of MongoDB from $500.00 to $300.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Guggenheim reiterated a “buy” rating and set a $475.00 price target on shares of MongoDB in a research note on Tuesday, March 3rd. Wall Street Zen raised MongoDB from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Citigroup cut their price objective on MongoDB from $435.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Finally, Barclays reduced their target price on MongoDB from $440.00 to $370.00 and set an “overweight” rating for the company in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $355.24.

MongoDB Stock Performance

Shares of NASDAQ:MDB opened at $273.25 on Tuesday. The company has a market cap of $22.24 billion, a P/E ratio of -310.51 and a beta of 1.40. The stock’s 50-day moving average is $335.58 and its 200-day moving average is $352.07. MongoDB, Inc. has a 52-week low of $140.78 and a 52-week high of $444.72.

MongoDB (NASDAQ:MDB) last posted its quarterly earnings data on Monday, March 2nd. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.18. MongoDB had a negative return on equity of 1.03% and a negative net margin of 2.89%.The business had revenue of $695.07 million during the quarter, compared to analysts’ expectations of $669.40 million. During the same quarter in the previous year, the firm earned $1.28 EPS. The firm’s revenue was up 26.8% compared to the same quarter last year. As a group, equities analysts predict that MongoDB, Inc. will post -1.78 EPS for the current year.

MongoDB Company Profile

MongoDB, Inc is a software company best known for developing MongoDB, a general-purpose, document-oriented database designed for modern application development. The company’s platform is built to support high-performance, scalable data storage and retrieval for use cases such as cloud-native applications, mobile backends, real-time analytics, and content management. MongoDB offers a mix of open-source software, commercial server distributions, and subscription-based services that include technical support, training and professional services.

The company traces its origins to 2007 when it was founded as 10gen by Dwight Merriman and Eliot Horowitz; it later adopted the MongoDB name and completed a public listing in 2017.